403-409 Cox Creek Pky
Florence, AL 35630
Retail Property For Sale

Cox Creek Place is a high-visibility, three-tenant retail center positioned at the signalized intersection of Cox Creek Parkway and Mall Road, one of Florence’s busiest and most established retail corridors with approximately 25,486 vehicles per day. The property sits adjacent to ALDI and directly across from the Florence Mall, placing it in the heart of the market’s primary commercial hub.
Anchored by nationally recognized brands, the center features a corporate-backed T-Mobile, a long-standing Palm Beach Tan, and a Lenny’s Grill & Subs operated by an experienced franchisee with prior experience as a corporate trainer at Lenny’s headquarters. All three tenants have occupied the property since it was built in 2007, and the center has maintained 100% occupancy for nearly 20 years, underscoring exceptional tenant health and location strength.
With approximately 2.5 years of weighted average lease term (WALT) remaining, all leases are true triple-net (NNN), with tenants reimbursing CAM, property taxes, insurance, and property management. Tenants are also responsible for all HVAC maintenance, repair, and replacement, minimizing landlord exposure to only the roof and structure. T-Mobile has two remaining 5-year renewal options with 10% rent increases at each term. Lenny’s benefits from 2% annual increases and one 5-year option, while Palm Beach Tan operates without renewal options, creating potential long-term upside.
Surrounded by national retailers, including Target, Dick’s Sporting Goods, Old Navy, Petco, Dollar Tree, Ulta, and Five Below, Cox Creek Place offers durable cash flow in a high-traffic, high-performing trade area. Offered at a 7.5% cap rate, the property provides an attractive, risk-adjusted return backed by long-term tenancy, minimal landlord obligations, and irreplaceable positioning within Florence’s most dominant retail corridor.